HSBC has long prided itself on being the bank that connects East and West. Now it's under pressure to rethink that model after a challenge from its top shareholder, one of the most powerful finance companies in China...
Does the richest person on the planet need another massive pay package? That's the decision facing the Tesla board of directors. CEO Elon Musk doesn't receive any cash salary or bonus. He's paid only with stock options. But he has just about exhausted the options available from the compensation package he got from Tesla in 2018, a package that turned out to be the most lucrative package of stock options issued by any company, according to Courtney Yu, director of research at executive compensation firm Equilar...
Twitter's board of directors has adopted a limited-term shareholder rights plan called a "poison pill" that could make it harder for Elon Musk to acquire the company...
Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the company's climate transition plan, in what they said would be the first such case of its kind...
Shares of Twitter jumped as much as 10% in pre-market trading Monday on the heels of a report that CEO Jack Dorsey intends to step down...
James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company's founder and former CEO Elizabeth Holmes...
Even if you're not an avid gamer, there's a good chance you've heard of "Call of Duty," "World of Warcraft" or "Candy Crush." Those games, which are played by hundreds of millions of people around the world and have in some cases attained the status of cultural phenomena, all belong to one California company helmed by one of America's longest-serving CEOs...
Parler CEO John Matze has been terminated by the board of the embattled social media company, according to Parler investor and right-wing commentator Dan Bongino...
For decades, ExxonMobil was an unstoppable machine and the envy of the oil industry. Now that machine has broken down -- and Exxon's critics are pouncing...
New York (CNN Business) -- Google's services went down for about an hour Monday in a massive outage that prevented many people from watching YouTube videos, accessing their Google Docs or sending email on Gmail...
General Electric misled shareholders about the deterioration of its insurance and power businesses in the years before its stock price imploded, according to the Securities and Exchange Commission...
Nasdaq is proposing a rule that would require at least some measure of diversity on the boards of directors of companies listed on the exchange...
Senator Elizabeth Warren slammed Disney earlier this month over layoffs and other decisions that she says prioritized shareholders over employees. Now Disney has responded — and Warren is not satisfied with the company's reply...
Among its many accomplishments — the iPhone, the iPad, iTunes, the App store — Apple can now boast of one more: It was briefly worth more than $2 trillion, making it the first company in the United States to reach that milestone...
As the nation's largest private employer, Walmart could lead the way during the Covid-19 crisis in treating its employees like the essential workers that they are...
Bob Iger has stepped down as CEO of the Walt Disney Company(DIS), effective immediately...
Carl Icahn is escalating his war with Occidental Petroleum. The legendary investor now wants to replace Occidental's entire 10-person board of directors, a person familiar with the matter told CNN Business. Icahn was previously only pushing to replace four members of the oil giant's board...
New York (CNN Business)A Delaware judge ruled that Tesla's board of directors must stand trial to defend chief executive Elon Musk's multibillion dollar pay package. The electric car company was sued by a shareholder in June 2018 over allegations of corporate waste and unjust enrichment. A judge on Friday denied Tesla's request to dismiss the lawsuit...
Seattle (CNN Business)When American companies talk about seeking diverse board members, they usually refer to differences in gender, ethnicity and experience. The National Center for Public Policy Research thinks they should be focused on something else: political diversity...
New York (CNN Business) -- Gap and Old Navy have been trending in opposite directions for years. So they're finally splitting up. Gap said Thursday that it would break into two companies. One of the companies will contain Old Navy, while the other yet-to-be-named business, currently called NewCo, will comprise Gap, Banana Republic and other brands, including Athleta and Hill City...
The two law firms that are investigating misconduct at CBS are due to deliver their report to the company's board of directors soon. The New York Times has already been ...
Walmart's big bet on India has suffered another major setback.
"USAG must build on them with a categorically fresh start at the board level," he wrote. Along with the resignations, Blackmun outlined a series of additional steps required by the Olympic Committee, including: •USAG has 12 months to replace the interim directors . •USAG "must cooperate with an ...
Facebook Twitter Instagram Why we need women right at the top By Sophie Walker Updated 2112 GMT (0512 HKT) June 8, 2016 Photos: Hillary Clinton's life in the spotlight Hillary Clinton, a former first lady, U.S. senator and secretary of state, is looking to become the country's first female President. Hide Caption 1 of 39 Photos: Hillary Clinton's life in the spotlight Before she married Bill Clinton, she was Hillary Rodham. Here she is attending Wellesley College in Wellesley, Massachusetts.....
He said that it was his hope the verdict would make a difference throughout the country. "To go from boardroom to the prospect of incarceration sends a powerful message to executives who would ignore the safety of their workers. It doesn't matter who you ...